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Zahlungsaufschub

payment deferral

noun TSAH-loongs-owf-shoob Rare
People & Society Money

Also means

moratorium

Usage Note

Zahlungsaufschub is an agreed postponement of a due payment, either negotiated between creditor and debtor or imposed by law (moratorium). During the Covid-19 pandemic, Germany enacted statutory Zahlungsaufschübe for certain mortgage and consumer credit payments.

Examples

"Die Bank räumte dem Kunden einen Zahlungsaufschub von drei Monaten ein."

Natural Translation

The bank granted the customer a payment deferral of three months.

Literal Translation

The bank granted to-the customer a payment-deferral of three months.

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